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Insurance business (Tables)
 12 Months Ended
Dec. 31, 2018
Insurance Contracts [Abstract]  
Schedule of net insurance premium income and liabilities under insurance contracts
Net insurance premium income
 
Non-linked insurance

 Linked life insurance

Investment contracts with DPF1

Total

 
$m

$m

$m

$m

Gross insurance premium income
8,616

422

2,300

11,338

Reinsurers’ share of gross insurance premium income
(672
)
(7
)
—

(679
)
Year ended 31 Dec 2018
7,944

415

2,300

10,659

 
 
 
 
 
Gross insurance premium income
8,424

351

2,027

10,802

Reinsurers’ share of gross insurance premium income
(1,016
)
(7
)
—

(1,023
)
Year ended 31 Dec 2017
7,408

344

2,027

9,779

 
 
 
 
 
Gross insurance premium income
8,036

675

1,877

10,588

Reinsurers’ share of gross insurance premium income
(629
)
(8
)
—

(637
)
Year ended 31 Dec 2016
7,407

667

1,877

9,951

1
Discretionary participation features.
Net insurance claims and benefits paid and movement in liabilities to policyholders

Non-linked insurance

Linked life insurance

Investment contracts with DPF1


Total


$m

$m

$m

$m

Gross claims and benefits paid and movement in liabilities
8,943

(446
)
1,724

10,221

– claims, benefits and surrenders paid
3,852

1,088

1,869

6,809

– movement in liabilities
5,091

(1,534
)
(145
)
3,412

Reinsurers’ share of claims and benefits paid and movement in liabilities
(605
)
191

—

(414
)
– claims, benefits and surrenders paid
(311
)
(181
)
—

(492
)
– movement in liabilities
(294
)
372

—

78

Year ended 31 Dec 2018
8,338

(255
)
1,724

9,807

 
 
 
 
 
Gross claims and benefits paid and movement in liabilities
8,894

1,413

2,901

13,208

– claims, benefits and surrenders paid
2,883

1,044

2,002

5,929

– movement in liabilities
6,011

369

899

7,279

Reinsurers’ share of claims and benefits paid and movement in liabilities
(942
)
65

—

(877
)
– claims, benefits and surrenders paid
(297
)
(223
)
—

(520
)
– movement in liabilities
(645
)
288

—

(357
)
Year ended 31 Dec 2017
7,952

1,478

2,901

12,331

 
 
 
 
 
Gross claims and benefits paid and movement in liabilities
8,778

1,321

2,409

12,508

– claims, benefits and surrenders paid
2,828

749

2,017

5,594

– movement in liabilities
5,950

572

392

6,914

Reinsurers’ share of claims and benefits paid and movement in liabilities
(560
)
(78
)
—

(638
)
– claims, benefits and surrenders paid
(112
)
(14
)
—

(126
)
– movement in liabilities
(448
)
(64
)
—

(512
)
Year ended 31 Dec 2016
8,218

1,243

2,409

11,870

1
Discretionary participation features.
Liabilities under insurance contracts
 
 
 Non-linked insurance

 Linked life insurance

Investment contracts with DPF1

Total

 
Footnotes
$m

$m

$m

$m

Gross liabilities under insurance contracts at 1 Jan 2018
 
52,112

7,548

26,007

85,667

Impact on transition to IFRS 9

 
(69
)
—

—

(69
)
Claims and benefits paid
 
(3,852
)
(1,088
)
(1,869
)
(6,809
)
Increase in liabilities to policyholders
 
8,943

(446
)
1,724

10,221

Exchange differences and other movements
2
149

(225
)
(1,604
)
(1,680
)
Gross liabilities under insurance contracts at 31 Dec 2018
 
57,283

5,789

24,258

87,330

Reinsurers’ share of liabilities under insurance contracts
 
(2,438
)
(68
)
—

(2,506
)
Net liabilities under insurance contracts at 31 Dec 2018
 
54,845

5,721

24,258

84,824

 
 
 
 
 
 
Gross liabilities under insurance contracts at 1 Jan 2017
 
46,043

6,949

22,281

75,273

Claims and benefits paid
 
(2,883
)
(1,044
)
(2,002
)
(5,929
)
Increase in liabilities to policyholders
 
8,894

1,413

2,901

13,208

Exchange differences and other movements
2
58

230

2,827

3,115

Gross liabilities under insurance contracts at 31 Dec 2017
 
52,112

7,548

26,007

85,667

Reinsurers’ share of liabilities under insurance contracts
 
(2,203
)
(268
)
—

(2,471
)
Net liabilities under insurance contracts at 31 Dec 2017
 
49,909

7,280

26,007

83,196

1
Discretionary participation features.
2
‘Exchange differences and other movements’ includes movements in liabilities arising from net unrealised investment gains recognised in other comprehensive income.